The terrible facts about real earnings of American men [The Business Insider]

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The terrible facts about real earnings of American men Read the original article on Wolf Street . Copyright 2017. Follow Wolf Street on Twitter . A construction workers carries his gear to a job site in Carlsbad, California, Thomson Reuters On the surface, the data looks benign, with trends improving. And this is what you will see when you look at the media coverage of the Census Bureau’s Income and Poverty report ( PDF ) released today: The survey is based on respondents at 98,000 addresses across the US — so a very large sample. Household income includes the amounts of money that the household received during that year from each of the following sources: All these sources combined form household income in this survey. Adjusted for inflation via the Consumer Price Index for urban consumers (CPI-U), the median household income, at $59.039, has set a new record, beating the prior record set in 1999 ($58,665). This was the good news, with median household income finally a [Read more]

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